# Vitesco shareholders approve merger with Schaeffler

Shareholders of Vitesco AG approved the merger plan with Schaeffler AG on April 24, 2024. The merger is expected to be completed in the fourth quarter of 2024, creating a combined company with €25 billion in revenue.

- Type: Acquisition
- Announced: 2024-04-24
- Where: Munich, Germany, Germany
- Status: announced
- Products: electric drives, powertrain components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (acquirer)
- [Vitesco Technologies](https://endata.com/companies/7771.md) (target)

## Sources

- [vision-mobility.de](https://vision-mobility.de/en/news/vitesco-shareholders-approve-merger-with-schaeffler-319749.html), 2024-04-25: "The merger will create one of the ten largest suppliers worldwide and the fourth largest in Germany - behind Bosch, ZF, and the Schaeffler sister company Continental."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/05/10/2879794/0/en/vitesco-technologies-announces-merger-with-schaeffler-ag-to-drive-future-electromobility.html), 2024-05-10: "With the resulting company, which will now be larger, we will be able to use and contribute our knowledge and experience even better and join forces to take big steps towards cleaner mobility."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.